Terms Used In Vermont Statutes Title 12 Sec. 4601

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

§ 4601. Appeals in foreclosure actions

When a judgment is for the foreclosure of a mortgage, permission of the court shall be required for review. (Amended 1959, No. 261, § 66; 1971, No. 185 (Adj. Sess.), § 129, eff. March 29, 1972.)